U.S. Economic News

December 4, 2019

U.S. Economic Indicators

The ADP Employment Report shows that private-sector employment increased by 67,000 jobs in November, well below expectations. The services sector added 85,000 jobs, while the goods-producing sector lost 18,000 jobs. ADP Report

The ISM Non-Manufacturing Index edged down 0.8 percentage point to 53.9 in November. The New Orders Index rose 1.5 points to 57.1, while the Employment Index rose 1.8 points to 55.5. ISM Report

U.S. News

The Wall Street Journal reports that Mexican business leaders and government officials have signaled opposition to certain labor provisions in the U.S.-Mexico-Canada Agreement, jeopardizing passage of the trade pact before the turbulent 2020 U.S. election cycle. Mexico’s business community has taken issue with the requirement proposed by House Democrats that U.S. labor inspectors be given access to Mexican factories to investigate U.S.-initiated labor dispute cases. WSJ